CVA Family Office LLC Purchases Shares of 490 FMC Co. (NYSE:FMC)

CVA Family Office LLC purchased a new position in FMC Co. (NYSE:FMC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 490 shares of the basic materials company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in FMC in the 4th quarter worth about $215,051,000. Wellington Management Group LLP grew its holdings in shares of FMC by 17.7% during the third quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock worth $728,745,000 after buying an additional 1,634,535 shares in the last quarter. Morgan Stanley boosted its position in shares of FMC by 80.7% in the fourth quarter. Morgan Stanley now owns 2,557,733 shares of the basic materials company’s stock worth $319,205,000 after acquiring an additional 1,142,531 shares during the last quarter. Manning & Napier Group LLC raised its holdings in FMC by 58.9% in the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock valued at $150,658,000 after acquiring an additional 833,845 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in FMC by 175.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock valued at $55,978,000 after buying an additional 532,158 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Trading Up 1.6 %

NYSE FMC opened at $63.70 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. FMC Co. has a 12 month low of $49.49 and a 12 month high of $125.20. The stock has a market cap of $7.95 billion, a P/E ratio of 6.05, a P/E/G ratio of 2.01 and a beta of 0.86. The stock’s fifty day moving average price is $57.98 and its 200-day moving average price is $59.49.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. During the same period last year, the business earned $2.37 EPS. As a group, equities analysts forecast that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Wednesday, March 27th. FMC’s payout ratio is currently 22.03%.

Analyst Ratings Changes

FMC has been the subject of several research reports. UBS Group raised FMC from a “neutral” rating to a “buy” rating and increased their price objective for the company from $61.00 to $84.00 in a research report on Wednesday, March 20th. KeyCorp reduced their price objective on shares of FMC from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Bank of America lowered shares of FMC from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $60.00 to $57.00 in a report on Tuesday, January 16th. Wolfe Research began coverage on shares of FMC in a report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, BNP Paribas downgraded shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.56.

Insider Activity at FMC

In other news, CFO Andrew D. Sandifer bought 2,150 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is owned by company insiders.

FMC Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.